Wichasha, an African country, exports barley and cotton worth $100 million to Illema, a European country, and it imports sugarcane worth $25 million from Illema. As such, the total value of Wichasha's exports is higher than the total value of its imports. This difference between the value of Wichasha's exports and imports is known as _____.
A. a comparative advantage
B. the balance of payments
C. an absolute advantage
D. the balance of trade
Answer: D
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The Monte Carlo simulation:?
A. ?can be useful for estimating a project's market risk. B. ?uses probability distributions for variables as input data to estimate the project's net present value (NPV). C. ?produces both an expected NPV (or IRR) and a measure of the riskiness of the NPV or IRR for different scenarios. D. ?gives the exact outcome that can be expected from a project. E. ?calculates NPV for a change in one key variable.